ruwan326

@Maharaja wrote:Today market turnover is less than Negombo fish market.

Maharaja

Why don't you start selling fish then????????

From the market behavior sometimes we both and many others here will need to sell fish in coming years.

Maharaja

well,last 3years I withdrew my money in share market and invest in lands. Last month only I put back some money and many good counters reached 52weeks low and I collected some. I can wait 2or 6 quarters with out selling So I don't think so I will invest in Negambo fish market

samaritan

Senior Vice President - Equity Analytics

Posts : 1762Join date : 2015-05-16

@Maharaja wrote:Today market turnover is less than Negombo fish market.

Maharaja

Do not underestimate the fish markets, b'cos the prices of fish & vegetables are always in the increase. The AFPI (All Fish Price Index) and the AVPI (All Vegetables Price Index) has always been in the green with steady gains. Something for the Govt to be proud of.

If you follow your own advice you must have sold all your shares by now , then why are you wasting your valuable time here, now you can go to Negombo fish market and predict the future fish prices.

Well Said.. He is here to protect the interest of his master... His master could be a Very big shark in Markets or a Dirty politico from prior regime..

Ranferdi you can't make one comment without bringing in your politics and trying to safeguard the current govt. which is full of corrupt politicians. if anyone reads this thread from begining, no one has made any reference to politics until Ranferdi.

Ranferdi don't forget, if not for the current corrupt govt which is full of corrupt politicians, which was instrumental in creating the biggest ever financial scandal in Sri Lanka, the CSE would not have been struggling for the last 3 1/2 years. If they managed our financial system properly we all investors in the CSE would have been creating wealth for us with most of the listed entities faring ok despite a sluggish economy

If you follow your own advice you must have sold all your shares by now , then why are you wasting your valuable time here, now you can go to Negombo fish market and predict the future fish prices.

Well Said.. He is here to protect the interest of his master... His master could be a Very big shark in Markets or a Dirty politico from prior regime..

Ranferdi you can't make one comment without bringing in your politics and trying to safeguard the current govt. which is full of corrupt politicians. if anyone reads this thread from begining, no one has made any reference to politics until Ranferdi.

Ranferdi don't forget, if not for the current corrupt govt which is full of corrupt politicians, which was instrumental in creating the biggest ever financial scandal in Sri Lanka, the CSE would not have been struggling for the last 3 1/2 years. If they managed our financial system properly we all investors in the CSE would have been creating wealth for us with most of the listed entities faring ok despite a sluggish economy

Dear Mr. Wijesinghe, I didn't related politics but I related probable reasons for Maharaja to predict the downfall. I am very much aware how the big sharks are creating downward trends to collect valuables at low prices.

You are the one who directly talks politics now, by saying current government is corrupt you are implying the previous government is clean, which is untrue.

Also you are saying the bond scandal is the biggest scandal which is also untrue. The genuine fact is current government is having investigation on the scandal and one day the culprits will be punished. If it would have been the previous government we may not have the luxury of talking about this in forums.

Maharaja

Let us make this forum professional !!!1.) Do not talk politics2.) Do not blame on personal feelings3.) Criticise only about the facts

Ex. When I told 6200 will not support, everyone here started blaming Maharaja. Everyone try to put mud on Maharaja. Did you win ? No. Only wasted your time. Some members showed 6200 will support using Asha phillip reports, they are intelligent members arguing only about real topic.

If I predict the market rise, everyone will support Maharaja. If I predict the market fall, you all blame me.

Don't blame Maharaja for predicting the TRUTH. Blame yourself for not understanding Maharaja.

What is the next month future ?

ASI is in downward trajectory. 6077 immediate strong support, but before that there are small supports which most of the time will break. At/before 6077 there can be small bounces but short lived.

Maharaja Advise - Do not buy. Sell the portfolio slowly, do not panic and sell at once. Still there is buying in the market. Slowly exit the market. I gave this advise months ago. If you listened to Maharaja you have minimised your losses.

reyaz

Manager - Equity Analytics

Posts : 233Equity Stars : 3113Reputation : 6Join date : 2011-03-10

You remind me of Jacob Rothschild's great grandfather Nathen Rothschild. In the battle of Waterloo when Napolean lost to the allies, of which England was apart of, a private contractor travelled faster than the government messenger to spread the news to England. As you know there was no fast means of communicating back then.This logitical error cost England the fortune of 2 generations of citizens. Why? Nathen sold treassury bonds creating a panic in the market for one whole day leading people to think that England and the allies lost the war to Napolean. While the next day when everybody panicked and sold bonds and shares even at a severe loss- Nathen pretended that he was dissapointingly trying to help the others by buying their bonds and shares at the biggest discount prices in the world to date( given the time value of money factor )England decided to sell at a loss to rothschild all its bonds and all itshares

When the news of the win came De Beers - the diamond miners and a few others bought it from Nathen for a higher price- the rothschilds gained alot while England won the war but lost most of her money.You all know what colour this isMaharaja is a piece of itJust like a rothschild!

ruwan326

@Maharaja wrote:Let us make this forum professional !!!1.) Do not talk politics2.) Do not blame on personal feelings3.) Criticise only about the facts

Ex. When I told 6200 will not support, everyone here started blaming Maharaja. Everyone try to put mud on Maharaja. Did you win ? No. Only wasted your time. Some members showed 6200 will support using Asha phillip reports, they are intelligent members arguing only about real topic.

If I predict the market rise, everyone will support Maharaja. If I predict the market fall, you all blame me.

Don't blame Maharaja for predicting the TRUTH. Blame yourself for not understanding Maharaja.

What is the next month future ?

ASI is in downward trajectory. 6077 immediate strong support, but before that there are small supports which most of the time will break. At/before 6077 there can be small bounces but short lived.

Maharaja Advise - Do not buy. Sell the portfolio slowly, do not panic and sell at once. Still there is buying in the market. Slowly exit the market. I gave this advise months ago. If you listened to Maharaja you have minimised your losses.

Maharaja

Asha Phillip SecuritiesCompany profile-Asha Phillip Securities Ltd was originally incorporated in December 1982 as Mercantile Stock Brokers Ltd, a subsidiary of Mercantile Credit Ltd. (MCL).On the 22nd of October 1992 the company changed its name to Allied Stock Brokers and, in addition to the head office; a branch in Matara was established. With the Colombo stock market experienced rapid growth, the company formed an alliance with Phillip Securities of Singapore in 1993. This move was in line with the industry trend where several major Sri Lankan stock brokerages entered into partnerships with foreign brokerage houses. On the 19th of January 1994, the company was renamed as Allied Phillip Securities Ltd.With the acquisition of the majority stake by Mercantile Merchant Bank, the firm’s name was changed to MMBL Phillip Securities Ltd in 1998 to reflect the new ownership structure.The firm was renamed in 2003 to Asha Phillip Securities Ltd with renowned high net worth investor, Mr. M. M. Udeshi acquiring 59.22% of the company from Mercantile Merchant Bank. Phillip Securities continued to retain its holdings in the firm.Currently the firm operates the largest branch network amongst Sri Lankan stock brokers, bringing the opportunity to invest in capital markets closer to all Sri Lankans.

Maharaja

When everybody including asha phillips said 6200 support said I told No, it will break. Likewise 6077 will test for sure.

Maharaja

Though I don't like your comments, I salutes to your predictions. So tell us now what next. :drunken: :drunken:

Thankyou Mr.Fernando. Today ASI reached my support level. Tomorrow we can see how the 6077 support reacts.

What is next ?I expect a technical bounce tomorrow. But only a short term bounce. Not a market turnaround. Market is in extreme BEAR market category. ASI direction is 100% downwards. SO there will only be short term trading opportunities when market moves sideways for 100-150 points.

Can ASI break 6077 tomorrow ?Yes, it can break if selling pressure applied. Bad news is still real selling did not begin. Japanese,Korean,Middle-east & European funds didn't even think to exit the counters. So I expect a technical bounce only due to oversold levels in S&P counters.

When to BUY ?

In this kind of extreme BEAR market I cannot recommend to buy. If we analyse the market, nothing is positive. Earlier company earning were good but now if you analyse financial reports, earnings keep dropping. Main sectors - Banking NPLs higher, Int.expenses higher. Construction sector - SME construction companies closing, No FDIs to start new projects. So in next couple of years company earnings will fall further with interest rates crossing sky high levels.

Politics and CSE ?

As I see, we all must follow a wait and see approach till 2020.Till 2020 there will be no political change. This government will continue till 2020.

Who will come to power in 2020 ?

The presidential candidate from Pohottu party will surely win the contest without doubts.

Will CSE rise in 2020 ?

I am doubtful. As soon as Pohottu party wins, the European trade bans will be put. Fish ban will come into effect. Human rights cases against SL will begin once again. So conditions will be worse for the country and CSE after election.But political stability will be there in the country. New investments will begin to flow.So there will be mixed effects which we will see. It is too early to predict about about these political effects.

When to enter this bear market ?

After presidential election in 2020 we have to see if the new Pohottu government will actually do a change to the economy. If they are able to bring proper growth to country then CSE will grow.If they also eat the economy CSE will fall.SIMPLE AS THAT.

Till then we have to follow a wait and see approach.

What is next support level ?

6000 is the psychological support level. Not a technical support level. If 6077 breaks, next is 6020-6023 area support. And after 6020-6023, it is down to 5800 support. This is really a strong support. I don't think market needs to test this level soon. May be this month end/ next month it is possible but not this week.

When everybody including asha phillips said 6200 support said I told No, it will break. Likewise 6077 will test for sure.

Maharaja

Though I don't like your comments, I salutes to your predictions. So tell us now what next.

Thankyou Mr.Fernando. Today ASI reached my support level. Tomorrow we can see how the 6077 support reacts.

What is next ?I expect a technical bounce tomorrow. But only a short term bounce. Not a market turnaround. Market is in extreme BEAR market category. ASI direction is 100% downwards. SO there will only be short term trading opportunities when market moves sideways for 100-150 points.

Can ASI break 6077 tomorrow ?Yes, it can break if selling pressure applied. Bad news is still real selling did not begin. Japanese,Korean,Middle-east & European funds didn't even think to exit the counters. So I expect a technical bounce only due to oversold levels in S&P counters.

When to BUY ?

In this kind of extreme BEAR market I cannot recommend to buy. If we analyse the market, nothing is positive. Earlier company earning were good but now if you analyse financial reports, earnings keep dropping. Main sectors - Banking NPLs higher, Int.expenses higher. Construction sector - SME construction companies closing, No FDIs to start new projects. So in next couple of years company earnings will fall further with interest rates crossing sky high levels.

Politics and CSE ?

As I see, we all must follow a wait and see approach till 2020.Till 2020 there will be no political change. This government will continue till 2020.

Who will come to power in 2020 ?

The presidential candidate from Pohottu party will surely win the contest without doubts.

Will CSE rise in 2020 ?

I am doubtful. As soon as Pohottu party wins, the European trade bans will be put. Fish ban will come into effect. Human rights cases against SL will begin once again. So conditions will be worse for the country and CSE after election.But political stability will be there in the country. New investments will begin to flow.So there will be mixed effects which we will see. It is too early to predict about about these political effects.

When to enter this bear market ?

After presidential election in 2020 we have to see if the new Pohottu government will actually do a change to the economy. If they are able to bring proper growth to country then CSE will grow.If they also eat the economy CSE will fall.SIMPLE AS THAT.

Till then we have to follow a wait and see approach.

What is next support level ?

6000 is the psychological support level. Not a technical support level. If 6077 breaks, next is 6020-6023 area support. And after 6020-6023, it is down to 5800 support. This is really a strong support. I don't think market needs to test this level soon. May be this month end/ next month it is possible but not this week.

Happy trading,Maharaja

I really appreciate your genuine analysis specially if pohotuwa wins in 2020 the negative side of foreign involvements. What do you think the present rulers must do to rectify the present market situation. Tks. GD

When everybody including asha phillips said 6200 support said I told No, it will break. Likewise 6077 will test for sure.

Maharaja

Though I don't like your comments, I salutes to your predictions. So tell us now what next.

Thankyou Mr.Fernando. Today ASI reached my support level. Tomorrow we can see how the 6077 support reacts.

What is next ?I expect a technical bounce tomorrow. But only a short term bounce. Not a market turnaround. Market is in extreme BEAR market category. ASI direction is 100% downwards. SO there will only be short term trading opportunities when market moves sideways for 100-150 points.

Can ASI break 6077 tomorrow ?Yes, it can break if selling pressure applied. Bad news is still real selling did not begin. Japanese,Korean,Middle-east & European funds didn't even think to exit the counters. So I expect a technical bounce only due to oversold levels in S&P counters.

When to BUY ?

In this kind of extreme BEAR market I cannot recommend to buy. If we analyse the market, nothing is positive. Earlier company earning were good but now if you analyse financial reports, earnings keep dropping. Main sectors - Banking NPLs higher, Int.expenses higher. Construction sector - SME construction companies closing, No FDIs to start new projects. So in next couple of years company earnings will fall further with interest rates crossing sky high levels.

Politics and CSE ?

As I see, we all must follow a wait and see approach till 2020.Till 2020 there will be no political change. This government will continue till 2020.

Who will come to power in 2020 ?

The presidential candidate from Pohottu party will surely win the contest without doubts.

Will CSE rise in 2020 ?

I am doubtful. As soon as Pohottu party wins, the European trade bans will be put. Fish ban will come into effect. Human rights cases against SL will begin once again. So conditions will be worse for the country and CSE after election.But political stability will be there in the country. New investments will begin to flow.So there will be mixed effects which we will see. It is too early to predict about about these political effects.

When to enter this bear market ?

After presidential election in 2020 we have to see if the new Pohottu government will actually do a change to the economy. If they are able to bring proper growth to country then CSE will grow.If they also eat the economy CSE will fall.SIMPLE AS THAT.

Till then we have to follow a wait and see approach.

What is next support level ?

6000 is the psychological support level. Not a technical support level. If 6077 breaks, next is 6020-6023 area support. And after 6020-6023, it is down to 5800 support. This is really a strong support. I don't think market needs to test this level soon. May be this month end/ next month it is possible but not this week.

Happy trading,Maharaja

I really appreciate your genuine analysis specially if pohotuwa wins in 2020 the negative side of foreign involvements. What do you think the present rulers must do to rectify the present market situation. Tks. GD

No one can predict CSE..............If some one can predict he should be able to tell the winning numbers of the daily lottery too

Maharaja

Manager - Equity Analytics

Posts : 286Equity Stars : 1712Reputation : 17Join date : 2015-05-15

good bounce from market 6020-30 acted as support. 6077 resistance is also now a support. RSI can stabilize now, if volumes can turn tomorrow and end the week on a positive note its good for market. Trading opportunities are present now but very short term. 10% profit gains are available with these kinds of sideway trends. Market can go another 100 points upwards and then trade sideways. Till big volumes come with positive ASI market will proceed in downward direction

ruwan326

Now its not the time to think about investing in JKH for any period. Your question can be valid after 18 months.

Price Maharaja will buy ? Only below 60/-I do not give target price of 60/- but my bid is 60/-

Maharaja.

Who is this "Maharaja"?

If this happens (At least to a certain extent) where the ASI will ended up?

I'm not going to argue with his prediction as so far he is correct on ASI prediction though I don't want it to happen in that way.

Anyway I'm also looking at to buy JKH and COMB during next down turn. Need your advise on COMB also.

http://biz.adaderana.lk/කොළඹ-කොටස්-තවමත්-අවුරුදු-8/Go through this article first and get all the details. You have to learn the hard way when it comes to trading and investing in CSE. Some say wait till 2020 and that is the most childish thing to say. Whether Bull or Bear market you should be able to invest and trade, to do that do your own analysis and be brave to pick the winning shares @the right time. Do not pick a share depending on predictions/rumors/forums or just because some one said Do your own analysis first by using investing.com,CSE.lk and annual reports and quarter results and etc...........

Now its not the time to think about investing in JKH for any period. Your question can be valid after 18 months.

Price Maharaja will buy ? Only below 60/-I do not give target price of 60/- but my bid is 60/-

Maharaja.

Who is this "Maharaja"?

If this happens (At least to a certain extent) where the ASI will ended up?

I'm not going to argue with his prediction as so far he is correct on ASI prediction though I don't want it to happen in that way.

Anyway I'm also looking at to buy JKH and COMB during next down turn. Need your advise on COMB also.

http://biz.adaderana.lk/කොළඹ-කොටස්-තවමත්-අවුරුදු-8/Go through this article first and get all the details. You have to learn the hard way when it comes to trading and investing in CSE. Some say wait till 2020 and that is the most childish thing to say. Whether Bull or Bear market you should be able to invest and trade, to do that do your own analysis and be brave to pick the winning shares @the right time. Do not pick a share depending on predictions/rumors/forums or just because some one said Do your own analysis first by using investing.com,CSE.lk and annual reports and quarter results and etc...........